HSBC pauses $4bn private credit investment
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market

First-quarter income dips to $9.4bn, missing analyst expectations

The combination should be worthwhile if it creates cost savings

‘International Manager’ programme closed to new recruits as CEO Georges Elhedery reshapes Europe’s largest lender

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

Deputy governor says initial plans may have been ‘overly conservative’ and central bank ‘looking very hard’ at alternatives